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About this book
'For amateurs and professionals alike wishing to deepen their understanding of the often mysterious and counter-intuitive fluctuations in asset prices, this book provides essential reading.' - Barry Riley, Financial Times 'Really required reading.' - Anthony Harris, Times According to mainstream economic theory, the prices of individual stocks respond rationally to unexpected news. However, real market movements appear to respond to news in more complex and sometimes perverse ways, overshooting or not reacting at all. Drawing on his hands-on experience, Professor Pepper puts forward a new theory based on the analysis of the supply of and demand for investible funds. He shows clearly that price movements are governed not by news but by the financial requirements of investors, requirements which therefore become a powerful forecasting tool.
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Table of contents (19 chapters)
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Front Matter
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Introduction
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Flows of Funds
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Front Matter
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Elaboration
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Front Matter
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Authors and Affiliations
About the author
GORDON PEPPER
Bibliographic Information
Book Title: Money, Credit and Asset Prices
Authors: Gordon Pepper
DOI: https://doi.org/10.1057/9780230375932
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1994
eBook ISBN: 978-0-230-37593-2Published: 08 March 1994
Edition Number: 1
Number of Pages: XXII, 304
Topics: Macroeconomics/Monetary Economics//Financial Economics, Business and Management, general, Econometrics, Investments and Securities